Georgia House approves DeKalb tax vote (Atlanta, Dunwoody: sales, 2015, property tax)

[Airforceguy]

Lawmakers voted 128-35 Monday to authorize a referendum asking DeKalb voters to approve a penny sales tax increase, which would take the local sales tax there from 7 percent to 8 percent. The revenue the additional sales tax would raise would be used to offset the impact of a proposal to dedicate 100 percent of the revenue raised by DeKalb's Homestead Option Sales Tax (HOST) to reducing property taxes. Currently, only 80 percent of HOST revenue goes for property tax relief, while the other 20 percent pays for infrastructure improvements.
The bill would have a major impact on property taxes in DeKalb County. For example, the owner of a home in Decatur assessed at $500,000 would receive about a $1,000 property tax cut, said state Rep. Mike Jacobs, R-Dunwoody, the bill's chief sponsor.

Georgia House approves DeKalb tax vote - Atlanta Business Chronicle